US Executive Order 1 May 2012: Extension of sanctions in respect of Iran & Syria

An executive order “Prohibiting Certain Transactions with and Suspending Entry into the United States of Foreign Sanctions Evaders with Respect to Iran and Syria” (“FSE E.O.”) by the President of the United States was issued on the 1st May extending further the impact of US sanctions against Iran and Syria. This order strengthens the US Treasury’s ability to tackle foreign individuals and entities determined to have violated US sanctions on Syria or Iran.